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Apply online for PenFed Premium Travel Rewards American Express® Card
About Our Ratings
Credit Needed
Excellent

PenFed Premium Travel Rewards American Express® Card Review

Pros & Cons

  • No annual fee
  • Not only does the card offer a 0 percent APR for 12 months on balance transfers, but it rewards you for making those transfers with up to a $100 statement credit for qualifying transfers.
  • This card earns just 1 point per dollar unless you’re booking flights (5 points per dollar on flights). If you’re looking to rack up points/miles on everyday purchases, look for a card with a higher point-to-dollar earning ratio, like the Barclaycard Arrival Plus™ World Elite MasterCard®.

Top Features

Points or Miles
1-5 points/$1
Bonus Miles or Points
20,000 bonus points
when you spend $2,500 within the first 3 months of opening the card account
Purchase APR
10.24% to 17.99% when you open your account, based on your creditworthiness.* Your APR will vary with the market based on the Prime Rate.
Annual Fee
$0

Full Review

Curtis Arnold Editor-in-chief

This card was just awarded with a 2016 CardRating's Editor's Choice Award for being one of the best2016 CardRating's Editor's Choice Award travel cards on the market. This card offers 5 Points on airfare purchases and 1 Point on all other purchases. Card members enjoy a premium collection of travel privileges. If you spend $2,500 in the first 3 months of opening the Card account, you can receive 20,000 bonus points. This card requires excellent credit. The post-introductory variable APR for the unpaid balance and any new balance transfers is based on your creditworthiness and will vary with the market based on the Prime Rate. Downside: The fee for balance transfers is 3% per transaction and there is a moderate penalty APR. (American Express is a CardRatings.com advertiser)

This card compared to other travel rewards cards

Points or Miles
1-5 points/$1
5% Earnings for $5k and 2% after
2X miles on all purchases
Bonus Miles or Points
20,000 bonus points
when you spend $2,500 within the first 3 months of opening the card account
Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 90 days - that's enough to redeem for a $500 travel statement credit
Purchase APR
10.24% to 17.99% when you open your account, based on your creditworthiness.* Your APR will vary with the market based on the Prime Rate.
13.15% - 23.15% (V) (V)
16.24%, 20.24% or 23.24% Variable 
Annual Fee
$0
$0
$89-Waived first year
Rates and Fees
The card is best for eligible members at the Pentagon Federal Credit Union who travel a great deal.
CardRatings.com Editorial Staff

PenFed Premium Travel Rewards American Express® Card details

Balance Transfer Intro APR
0%
Balance Transfer Intro Period
12 months
Purchase Intro
APR:
N/A
Purchase APR
10.24% to 17.99% when you open your account, based on your creditworthiness.* Your APR will vary with the market based on the Prime Rate.
Annual Fee
$0
see more  

Credit Card Rate Information:


 
  Purchase
  Balance Transfer
  Cash Advance
Index:
 Prime
 Prime
 Prime
Margin:
 6.74 - 14.74
 6.74 - 14.74
 6.74 - 14.74
APR:
  10.24% to 17.99%
when you open your account, based on your creditworthiness.* Your APR will vary with the market based on the Prime Rate.
 9.99% - 17.99%
 10.24% to 17.99% when you open your account, based on your creditworthiness.* Your APR will vary with the market based on the Prime Rate.
APR Floor:
 None
 None
 None
Intro Rate:
 N/A
 0%
 N/A
Intro Period:
 N/A
 12 months
 N/A


Finance Calculation Method:
 Average Daily Balance
Default/Penalty APR:
 17.99%
Default/Penalty Margin:
 N/A
Default/Penalty APR Floor:
 None
Penalty/Default Trigger:
 

Credit Card Fee Information:


Annual Fee:
 $0
Foreign Transaction Fee:
 None
Late Fee:
 Up to $25
Over-the-limit Fee:
 None
Balance Transfer Fee:
3% per transaction  


Notes:

Rebate Description:
 
Special Notes:
 PenFed Premium Travel Rewards American Express® Card is of one of CardHub's "Best Travel Cards for 2015". Earn 20,000 bonus points when you spend $2,500 within the first 3 months of opening the Card account.
Credit Card More Information:

Card Issued By:
 Pentagon Federal Credit Union
General Correspondence Address:
 PO Box 1432
Card Type:
 American Express
Card Class:
 Platinum
Card Category:
 Credit Card Deals, Travel Rewards, Low Interest
States Available In:
 
Minimum Credit Limit:
 
Maximum Credit Limit:
 
Credit Limit Notes:
 

What Pentagon Federal Credit Union says about this card

  • 0% APR promo balance transfer rate for 12 mos with 3% balance transfer fee. After that, APR for unpaid balance and new balance transfers will be 10.24% - 17.99%. APR will vary with market based on Prime Rate. Subject to credit approval.
  • 3% balance transfer fee per transaction.
  • Rate and offers current as of October 1, 2016 and subject to change.
  • Earn 5 points on airfare purchases, Earn 1 point on all other purchases.
  • 20,000 bonus points when you spend $2,500 within the first 3 months of opening the card account
  • No annual fee and no foreign transaction fees
  • Rates as low as 10.24% APR
  • Chip Enabled for Added Security, Federally insured by NCUA

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Special offers
Currently available on the PenFed Premium Travel Rewards American Express® Card
20,000 bonus points
When you spend $2,500 within the first 3 months of opening the card account

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Apply online for BuyPower Card from Capital One® -Get The Card That Helps You Get The Car

BuyPower Card from Capital One® -Get The Card That Helps You Get The Car

  • 5% Earnings on your first $5,000 in purchases every year. Unlimited 2% Earnings on every purchase after that. Redeem Earnings toward the purchase or lease of a new Chevrolet, Buick, GMC or Cadillac vehicle.
  • No annual fee, no redemption limits, no Earnings expiration, no foreign transaction fees. Save even more when you combine your available Earnings with most current GM offers and incentives.
  • 0% intro APR on purchases for 12 months, then a 13.15% - 23.15% variable APR on purchases will apply
Credit Needed:
Excellent/Good
Apply online for Barclaycard Arrival Plus™ World Elite MasterCard®

Barclaycard Arrival Plus™ World Elite MasterCard®

  • Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 90 days - that's enough to redeem for a $500 travel statement credit
  • Earn 2X miles on all purchases
  • Redeem for travel or cash back statement credits, gift cards and merchandise. Redemption values vary
  • Get 5% miles back to use toward your next redemption, every time you redeem
  • Miles don't expire as long as your account is open, active and in good standing
  • No foreign transaction fees on anything you buy while in another country
  • 0% introductory APR for 12 months on Balance Transfers made within 45 days of account opening. After that, a variable APR will apply, 16.24%, 20.24% or 23.24%, based on your creditworthiness. Please note, there is a fee for balance transfers
Credit Needed:
Excellent/Good